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A New Name – the Eastern Bank Foundation – Reflects A Philosophy Of Investing In The Community To Create Systems Change
Long-Standing Support Of Grassroots Community Donations Remains. | May 17, 2021
Boston business leaders launch campaign to raise $10 million for Latino Equity Fund
Eastern Bank and State Street commit $1 million to help relaunch and rebrand the fund
By Jon Chesto Globe Staff,Updated May 6, 2021, 7:40 p.m.
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Jasmine Lopez, a vaccine ambassador with Archipelago Strategies Group, answers questions for vaccine recipients at a mobile vaccine site in East Boston organized by Tufts Health Plan and Harvard Pilgrim Health Care.Nathan Klima for The Boston Globe/The Boston Globe
The twin pandemics of COVID-19 and racial inequity have drawn millions of corporate dollars to underserved communities during the past year.
Eastern-Century deal could put Boston back on the banking map
Finally, a locally based retail bank with considerable heft is emerging, following Easternâs 2020 IPO
By Jon Chesto Globe Staff,Updated April 8, 2021, 1 hour ago
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Eastern chief executive Bob Rivers has made no secret of his desire to buy up smaller banks.Blake Nissen/The Boston Globe
For nearly two decades, the musical chairs of deal-making in the financial industry left Boston without a major independent bank to call its own.
That may soon change, starting potentially with Eastern Bankâs $642 million acquisition of rival Century Bank announced late Wednesday. The deal would be Easternâs first bank acquisition since it converted from a mutually owned bank to a public company in October, and its largest by far.